Northern Trust Corp. of Chicago has been selected to provide custody and fund administration services to the $91 million Gottex Market Neutral Trust Ltd, a Guernsey, England, fund of hedge funds.
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Gottex is a registered, closed-ended investment company that trades on the London Stock Exchange. It has a global focus and invests in underlying, market neutral hedge funds.
Northern Trust, which announced the agreement on Tuesday, has 85 offices in 18 U.S. states, as well as offices in 13 other countries in North America, Europe, and the Asia-Pacific region. It had $756 billion of assets under management as of March 31.
